Overview of the Indonesia�s Trade With Asian Countries

The country's strong trade relationship with the Association of Southeast Asian Nations and other leading trade destinations is maintaining sustainable stability in its global growth with a substantial contribution of around 24% of the ASEAN authorities in its total annual trade rate. The government authorities implemented initiatives over the transported goods across the globe because of the reduction of taxes and proper management of the shipments have recorded a significant increase in the global trade rank of Indonesia.

The strong economic ties between the Asian Nations and Indonesia are on their way to continue their thriving economic growth because of the increasing trade volumes and collaborations in various sectors. From a staggering value of 289 billion US dollars in 2018, the trade value of the two has reached a significant rate of 650 billion US dollars in 2023.

Top 10 Export of Indonesia to the Asian Countries

As per the Indonesia Export Data, the total valuation of the exported goods from the trade management authorities of Indonesia to the Asian countries has stood up at a staggering value of 200 billion US dollars. The leading exported goods with the valuation of the exports in 2023 are,

1. Palm Oil - Valuation of Palm oil export from Indonesia in 2023 - 120 billion US dollars.
2. Coal - Valuation of Coal export from Indonesia in 2023 - 80 billion US dollars.

3. Natural Gas - Valuation of Natural gas export from Indonesia in 2023 - 70 billion US dollars.

4. Crude Petroleum - Valuation of Crude petroleum export from Indonesia in 2023 - 60 billion US dollars.

5. Rubber - Valuation of Rubber export from Indonesia in 2023 - 50 billion US dollars.

6. Plywood - Valuation of Plywood export from Indonesia in 2023 - 40 billion US dollars.

7. Textiles Products - Valuation of Textiles products exported from Indonesia in 2023 - 30 billion US dollars.

8. Diesel Oil - Valuation of Diesel oil export from Indonesia in 2023 - 25 billion US dollars.

9. Copper Ores - Valuation of Copper ores export from Indonesia in 2023 - 18 billion US dollars.

10. StapleFood Products - Valuation of Staple food products exported from Indonesia in 2023 - 15 billion US dollars.

Top 10 Exporting Companies of Indonesia to the Asian Nations

The companies residing in the land area of Indonesia have been an astonishing player in the contribution of Indonesia towards the global economic growth of the nation in 2023. As per the Indonesia Trade Data, the leading companies with the valuation of exports are,

1. PT Pertamina - Valuation of exports from the PT Pertamina of Indonesia in 2023 - 140 billion US dollars.

5 VARIANTS OF EXPORT

• Crude oil
• Refined petroleum products
• LNG
• Lubricants
• Petrochemical products

2. PT Krakatau Steel - Valuation of exports from PT Krakatau Steel of Indonesia in 2023 - 80 billion US dollars.

5 VARIANTS OF EXPORT

• Hot rolled coils
• Cold rolled coils
• Steel plates
• Galvanized steel products
• Rebars

3. PT Indofood Sukses Makmur Tbk - Valuation of exports from the PT Indofood Sukses Makmur Tbk of Indonesia in 2023 - 70 billion US dollars.

5 VARIANTS OF EXPORT

• Instant noodles
• Snacks products
• Seasoning products
• Beverages
• Pasta and flour-based products

4. PT Unilever Indonesia Tbk - Valuation of exports from the PT Unilever Indonesia Tbk of Indonesia in 2023 - 60 billion US dollars.

5 VARIANTS OF EXPORT

• Personal care products
• Home care products
• Packaged foods
• Ice cream
• Tea and beverages

5. PT Astra International Tbk - Valuation of exports from the PT Astra International Tbk of Indonesia in 2023 - 50 billion US dollars.

5 VARIANTS OF EXPORT

• Automobile and motorcycles
• Palm oil and derivatives
• Heavy equipment and machinery
• Automotive components
• Agricultural products

6. PT Indo-Rama Synthetics Tbk - Valuation of exports from the PT Indo-Rama Synthetics Tbk of Indonesia in 2023 - 40 billion US dollars.

5 VARIANTS OF EXPORT

• Polyester filament yarn
• Polyester staple fiber
• Polyester Chips
• Spun Yarn
• Textiles fabrics

7. PT Wilmar Cahaya Indonesia Tbk - Valuation of exports from the PT Wilmar Cahaya Indonesia Tbk of Indonesia in 2023 - 30 billion US dollars.

5 VARIANTS OF EXPORT

• Palm oil and palm oil products
• Oleochemicals
• Animal feed ingredients
• Sugar
• Coconut oil and derivatives

8. Bumi Resources - Valuation of exports from the Bumi Resources of Indonesia in 2023 - 25 billion US dollars.

5 VARIANTS OF EXPORT

• Sub-bituminous coal
• Bituminous coal
• Coking coal
• Thermal Coal
• Low-calorific value coal

9. Freeport-McMoRan - Valuation of exports from the Freeport-McMoRan of Indonesia in 2023 - 20 billion US dollars.

5 VARIANTS OF EXPORT

• Copper concentrate
• Gold
• Silver
• Molybdenum
• Copper cathodes

10. PT Barata Indonesia - Valuation of exports from the PT Barata of Indonesia in 2023 - 10 billion US dollars.

5 VARIANTS OF EXPORT

• Heavy equipment and machinery
• Steel fabricated products
• Electrical equipments
• Boilers and pressure vessels
• Engineering services and components

FAQ'S

Que. What is the total trade value of Indonesia and Asian countries in 2023?
Ans. The total trade value of Indonesia and Asian countries in 2023 is 689 billion US dollars.

Que. Who is the top exporting company of Indonesia in 2023?
Ans. PT Pertamina is the top exporting company of Indonesia in 2023.

Que. What is the top exported product of Indonesia in 2023?
Ans. Palm oil is the top exported product of Indonesia in 2023.

Que. Where can you get the detailed trade analysis of the Indonesia’s trade with Asian countries in 2023?
Ans. By subscribing to Import Globals, you can get the detailed trade analysis of the Indonesia’s trade with Asian countries in 2023.

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